Health In Tech Added to Membership of Russell Microcap® Index

Rhea-AI Summary

Health In Tech (Nasdaq:HIT) was added to the Russell Microcap® Index, effective at the U.S. market open on June 29, 2026, as part of the 2026 Russell U.S. indexes reconstitution.

Membership, which runs for half a year, brings automatic inclusion in related growth and value style indexes.

Russell U.S. indexes benchmark about $12.2 trillion in assets as of June 2025.

Positive

• Added to Russell Microcap® Index effective June 29, 2026
• Half-year index membership with automatic inclusion in growth and value style indexes
• Indexes used to benchmark about $12.2 trillion in assets as of June 2025
• Management expects broader visibility among institutional investors from index inclusion

Negative

• None.

News Market Reaction – HIT

-2.88%

1 alert

-2.88% Session close to close

$56.00M Market Cap

0.1x Rel. Volume

In the Jun 29 session, HIT declined 2.88%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights HIT’s addition to the Russell Microcap Index, part of a complex tracked...

Analysis

This announcement highlights HIT’s addition to the Russell Microcap Index, part of a complex tracked universe tied to about $12.2 trillion in benchmarked assets. Investors may also track the authorized $300,000,000 shelf for potential future issuance.

Key Figures

Index size: up to 4,000 U.S. stocks Benchmark assets: $12.2 trillion Effective date: June 29, 2026 +2 more

5 metrics

Index size up to 4,000 U.S. stocks Stocks captured in Russell U.S. Indexes reconstitution as of Apr 30, 2026

Benchmark assets $12.2 trillion Assets benchmarked to Russell U.S. indexes as of end of June 2025

Effective date June 29, 2026 HIT added to Russell Microcap Index when U.S. market opens

Ranking date April 30, 2026 Selection date for up to 4,000 largest U.S. stocks by market cap

Membership term half a year Duration of Russell Microcap Index membership beginning in 2026

Historical Context

5 past events · Latest: May 13 (Negative)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 13	Earnings results	Negative	-20.1%	Q1 2026 results with losses and financing backdrop drove a sharp selloff.
Apr 30	Earnings date notice	Neutral	+6.9%	Announcement of Q1 2026 release date and call details ahead of results.
Apr 21	Investor conference	Neutral	-4.9%	Planned presentation at an investor summit to increase visibility with investors.
Mar 27	PIPE closing	Negative	-6.5%	Closing of $7.0M private placement issuing new shares at a fixed price.
Mar 25	PIPE announcement	Negative	-11.1%	Announcement of $7.0M PIPE equity financing and planned resale registration.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news has often led to selling pressure, especially around financings and fundamental updates.

Key Terms

russell microcap® index, ftse russell, index funds, market-capitalization

4 terms

russell microcap® index financial

"was added as a member of the Russell Microcap® Index, effective when"

A market index that tracks the performance of the smallest publicly traded U.S. companies by market value, the Russell Microcap® Index acts like a thermometer for the microcap segment of the stock market. Investors use it as a benchmark to measure how tiny, often more volatile firms are performing relative to broader markets, helping with portfolio allocation, risk assessment and comparing the returns of funds focused on very small-cap stocks.

ftse russell financial

"FTSE Russell, the global index provider and a London Stock Exchange Group"

FTSE Russell is a global index provider that creates and maintains lists (indexes) showing how groups of stocks perform, similar to a scoreboard that ranks companies by size, sector and trading activity. Investors use these indexes as benchmarks and as the basis for investment products like index funds and ETFs, so when a stock is added or removed it can trigger buying or selling that affects its price and liquidity.

index funds financial

"Russell indexes are widely used by investment managers and institutional investors for index funds"

A fund that pools investors’ money to buy the same collection of stocks or bonds that make up a market index — like a ready-made basket representing the whole market or a specific slice of it. It matters because it gives broad exposure with lower fees and simpler management than picking individual securities, reducing the impact of any single holding and making it efficient for long-term investing.

market-capitalization financial

"determines membership for its Russell indexes primarily by objective, market-capitalization rankings"

Market-capitalization is the total value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives investors a quick sense of a company’s size—like estimating the value of a bakery by multiplying the price of one slice by how many slices it sells—and helps judge relative risk, growth potential and how a stock fits into a diversified portfolio.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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STUART, Fla., June 29, 2026 /PRNewswire/ -- Health In Tech, Inc. (Nasdaq: HIT) ("Health In Tech" or the "Company") was added as a member of the Russell Microcap® Index, effective when the U.S. market opens on June 29, 2026, as part of the 2026 Russell U.S. indexes reconstitution.

The June Russell U.S. Indexes reconstitution captures up to the 4,000 largest U.S. stocks as of Wednesday, April 30, 2026, ranking them by total market capitalization. Membership in the Russell Microcap® Index, which remains in place for half a year beginning in 2026, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell, the global index provider and a London Stock Exchange Group (LSEG), determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

"Inclusion in the Russell Microcap® Index is a meaningful recognition of the progress we've made building Health In Tech's AI-enabled platform and growing our presence in the InsurTech market," said Tim Johnson, Chief Executive Officer of Health In Tech. "We believe this milestone will broaden our visibility among institutional investors as we continue to scale our distribution and execute on our growth strategy."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2025, about $12.2 trillion in assets are benchmarked against the Russell U.S. indexes, which belong to FTSE Russell.

Fiona Bassett, CEO of FTSE Russell, comments:

"The Russell indexes have continuously adapted to the evolving dynamic U.S. economy, and it's crucial to fully recalibrate the suite of Russell U.S. Indexes, ensuring the indexes maintain an accurate representation of the market. The transition to a semi-annual reconstitution frequency this year will ensure our indexes continue to represent the market and maintain the purpose of the index as a portfolio benchmark."

For more information on the Russell Microcap® Index and the Russell U.S. indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

About Health In Tech:

Health In Tech, Inc. (Nasdaq: "HIT") is an AI-enabled InsurTech platform company, which offers a marketplace that improves processes in the health insurance industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, Managing General Underwriter ("MGUs") and third-party administrators ("TPAs"). Health In Tech's platform serves as a marketplace for brokers, TPAs, MGUs and carriers to access self-funded health insurance for employers, providing functions including customized self-funded health plans, bindable stop-loss quotes, AI-enabled underwriting, claims administration and reporting integration.

About FTSE Russell, an LSEG Business

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally.

Approximately $21.20 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by LSEG.

For more information, visit the FTSE Russell website.

Use of Forward-Looking Statements

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech's possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "design," "target," "aim," "hope," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech's actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech's control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech's operations, results of operations, growth strategy and liquidity. Health In Tech undertakes no obligation to update any forward-looking statements, except as required by law.

Investor Contact:
Health In Tech Investor Relations
ir@healthintech.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/health-in-tech-added-to-membership-of-russell-microcap-index-302812062.html

SOURCE Health In Tech, Inc.

FAQ

What did Health In Tech (HIT) announce about the Russell Microcap Index on June 29, 2026?

Health In Tech announced it was added to the Russell Microcap Index effective June 29, 2026. The addition follows the 2026 Russell U.S. indexes reconstitution, which ranks up to 4,000 U.S. stocks by market capitalization for index membership.

When does Health In Tech’s membership in the Russell Microcap Index begin and how long does it last?

Health In Tech’s Russell Microcap Index membership begins when U.S. markets open on June 29, 2026. According to FTSE Russell, this membership remains in place for half a year, with inclusion also extending to the appropriate growth and value style indexes.

How are companies like Health In Tech (HIT) selected for the Russell Microcap Index?

Companies are selected for the Russell Microcap Index primarily based on market-capitalization rankings and style attributes. FTSE Russell determines membership during the U.S. indexes reconstitution, which captures and ranks up to 4,000 of the largest U.S. stocks as of a specific cutoff date.

What does Russell Microcap Index inclusion mean for Health In Tech investors?

Inclusion means Health In Tech becomes part of a benchmark used by many institutional investors. According to Health In Tech, management believes this milestone will broaden its visibility among institutional investors as the company scales distribution and executes its growth strategy.

How large are the assets benchmarked to the Russell U.S. indexes that now include Health In Tech?

As of the end of June 2025, about $12.2 trillion in assets were benchmarked to the Russell U.S. indexes. According to FTSE Russell, these indexes are widely used by investment managers for index funds and as benchmarks for active strategies.

What broader index changes affected Health In Tech’s addition to the Russell Microcap Index?

Health In Tech’s addition occurred during the 2026 Russell U.S. indexes reconstitution, which moved to semi-annual reconstitution. According to FTSE Russell, this shift helps keep the indexes accurately aligned with the evolving U.S. market for portfolio benchmarking.